Business

ChatGPT creator OpenAI on Monday revealed it is getting up to $40 billion in new funding. The money came out of a new fundraising round for the artificial intelligence (AI) company in which SoftBank Group is serving as the lead investor. The Japanese investment group said it has agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion in December, contingent on the AI firm transitioning to for-profit […]

Lockheed Martin announced Monday that the U.S. Army had awarded it a contract worth nearly $5 billion to produce its next-generation long-range precision strike missile.The contract is worth up to $4.94 billion and will see Lockheed Martin provide Precision Strike Missiles (PrSM) to the Army, which views the weaponry as the successor to the Army Tactical missile (ATACM).The missiles are compatible with the High Mobility Artillery Rocket System (HIMARS) and Multiple […]

President Donald Trump is "always up for a good negotiation," the White House said Tuesday as the administration is gearing up to announce April 2 "Liberation Day" tariffs.White House Press Secretary Karoline Leavitt made the remark in response to a question about whether companies or countries could change the way they do business with the U.S. to avoid having tariffs imposed on them. Trump has said he will unveil a […]

Israel announced on Tuesday that it is lifting all tariffs being imposed on U.S. products at the direction of Israeli Prime Minister Benjamin Netanyahu and other Israeli leaders.Netanyahu said the move aims to cultivate more competition in the market, make the economy more diverse and reduce the cost of living for the people of Israel."In addition to the economic benefits for the economy and citizens of Israel, this move will […]

Made in America businesses could soon see domestic manufacturing protections, and even a bottom-line boost, in reaction to President Donald Trump’s tariff decisions."I think it can help, and what have we got to lose?" Red Land Cotton founder Mark Yeager told FOX Business’ Lydia Hu on Tuesday. "I think the cotton industry is being propped up by government subsidies, and that's all that's keeping the cotton business in America.""If we […]

Fram2's astronauts were busy over the weekend with preparations for their upcoming SpaceX launch for their mission to orbit Earth’s north and south poles.SpaceX said Sunday in an X post that Fram2’s four astronauts "completed a full rehearsal of launch day activities ahead of liftoff on Monday."Photos shared by the Elon Musk-run aerospace company showed Fram2’s private astronauts — Chun Wang, Jannicke Mikkelsen, Rabea Rogge and Eric Philips — donning […]

Leading Wall Street firms are updating their forecasts to reflect a rising probability of the U.S. economy entering a recession this year, as fears of a widening trade war could hurt consumers and businesses alike. President Donald Trump is planning to unveil his reciprocal tariff plans on Wednesday, April 2, which he has dubbed "Liberation Day," while his 25% tariffs on imported automobiles are set to take effect on Thursday. Those tariffs are […]

A group of activists called "Overthow Musk" on social media posted a video of cutouts of Elon Musk "giving a wave to anyone considering buying a Tesla in Tottenham today."The video, posted to Instagram on Thursday, shows the cutouts of Musk giving his infamous salute at an inauguration event affixed to Tesla chargers in front of a dealership in London. It has gotten more than 3.2 million views and 9,200 comments […]

U.S. Bank believes one of its executives died in a plane crash on Saturday in Minnesota.Terry Dolan, 63, is vice chair and chief administration officer of U.S. Bancorp, according to the financial institution's website. A small plane registered to him crashed into a home in Brooklyn Park near Minneapolis, a U.S. Bank spokesperson confirmed to FOX Business."At this time, the medical examiner's office has not been able to confirm whether […]